ID :
152438
Mon, 12/06/2010 - 13:15
Auther :
Shortlink :
https://www.oananews.org//node/152438
The shortlink copeid
Iran to set up intl. insurance firm
TEHRAN, Dec.6(MNA)-- The finance and economic affairs ministry of Iran issued an order for setting up an international insurance company aiming to overcome global sanctions in this field, the managing director of Iran Insurance Company said here on Sunday.
Javad Sahamian-Moqaddam added that legal and individual entities which are interested in playing a role in Iran's economy are permitted to have a share in the company.
On 26 July, the European Union imposed sanctions on Iran, hitting the energy, transport, finance and insurance sectors, as well as expanding the number of "listed" individuals and entities with whom commercial dealings are prohibited.
Javad Sahamian-Moqaddam added that legal and individual entities which are interested in playing a role in Iran's economy are permitted to have a share in the company.
On 26 July, the European Union imposed sanctions on Iran, hitting the energy, transport, finance and insurance sectors, as well as expanding the number of "listed" individuals and entities with whom commercial dealings are prohibited.
